Australian Housing Dynamics and Affordability
RENTAL VACANCY RATES REMAIN LOW
26
RENTAL VACANCY RATES¹
Seasonally adjusted*
Australia*
4
2
%
9
Brisbane
6
Canberra
3
°
15
2006
Sydney
2019 1993
%
6
Melbourne
4
личи
2
Perth
0
0)
8
7
Vacancy rates, %
6
S
+
M
3
2
3
1
°
2006
2019
0
Capital cities excluding Adelaide, Darwin and Hobart
Series break December quarter 2002
1993
*
**
10
y/y % change
Sn
о
-5
-10
RENTS2,3
Perth
96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19
-Melbourne
-Brisbane
VACANCY RATES BY STATE 2,3
00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19
-Australian capital cities -Sydney -Melbourne -Brisbane
-Perth
4.5
4.0
3.5
3.0
% of total rental stock
2.5
2.0
1.5
1.0
RENTS & VACANCY RATES2,3
о
1 2 3 4 5
6
y/y % change
8
0.0
9
96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19
-Rental vacancy rate: capital cities (trend, Ilhs) ―Rent growth: Capital cities (nominal, rhs)
0.5
Sources: 1. RBA Speech: "Housing and the Economy" Oct 2019. 2. CoreLogic RP Data values as at 30 September 2019. 3. Residex, RBA, ANZ Research
-Sydney
ANZ 120View entire presentation